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A wedding ring is meant to form an unbroken circle, which is why when they do have stones, they are incorporated into the band, and not set prominently on top of it - which is the opposite of what an engagement ring does.
An engagement ring elevates a center stone to a highlighted position on the ring -- commercially, to call attention to the expensive rock, and how much the groom spent on it -- symbolically, to represent that the woman is on a pedestal of love and commitment.